Daily Market Insight

• Strong services price increases lift US producer inflation in January • Japan Dec core machinery orders rise, recovery seen limited • China's travel spending during Lunar New Year holidays beats pre-COVID levels • Dollar steady after producer prices push back on Fed rate cut outlook

• Frigid temperatures chill US retail sales, factory production • US business inventories rebound in December • Germany's chamber of commerce warns of heaviest slump in 20 years • US dollar retreats as slew of data keeps rate cut expectations in June intact

• Fed still on track even if inflation's path down is bumpy • Japan unexpectedly slips into recession, Germany now world's third-biggest economy • Singapore's Q4 economy grows slower than first estimates • US dollar drifts lower, consolidates gains; seen rising further

• Sharp US Treasury yield decline on pause as Fed shows patience on rates • US January deficit drops sharply as receipts grow, tax refunds fall • Euro zone banks face new slate of risks, supervisor warns • Bitcoin hits $50k level for first time in more than two years

• Sharp US Treasury yield decline on pause as Fed shows patience on rates • US January deficit drops sharply as receipts grow, tax refunds fall • Euro zone banks face new slate of risks, supervisor warns • Bitcoin hits $50k level for first time in more than two years

• Mixed US consumer price revisions leave slowing inflation trend intact • BOJ eyes new indices to capture labor cost impact on services inflation • China new bank loans in Jan hit record high on policy support • Dollar eases as market shrugs off inflation revision data

• US weekly jobless claims stay low despite high-profile layoff announcements • China central bank set to stand pat on medium-term policy rate in Feb • China's consumer prices suffer biggest fall since 2009 as deflation risks stalk economy • Dollar gains as jobless claims affirm resilient US labor market

• US trade deficit rises marginally in December; narrows sharply in 2023 • Fed policymakers signal no rush to cut US interest rates • China's consumer prices fall 0.8% y/y, factory deflation persists • Dollar oscillates on less dovish Fed comments; yuan steady after inflation data

• Euro zone consumers trim near-term inflation expectations • German industrial orders post surprise rise in December • Japan's Dec real wages, household spending fall again • Dollar on defensive after pullback from nearly 3-month peak

• US service sector growth picks up in January • Euro zone economy showing some signs of recovery • German exports disappoint in December on weak global demand • Dollar surges to 11-week high as Fed rate cut bets diminish